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July 27, 2024
 

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FINANCIAL RESULTS

Japan Times
BUSINESS / Companies
Jun 22, 2020
Toyota's output to recover to 10% drop in July, beating projections
Toyota Motor Corp. said Monday its domestic production volume in July is expected to recover from what is projected for June, thanks to the resumption of economic activities in Japan following the end of national state of emergency over the novel coronavirus.
Japan Times
BUSINESS
Jun 22, 2020
May convenience store sales fall 10% amid virus impact
Convenience store sales in May fell 10 percent from a year earlier, marking a third month of decline, affected by stay-at-home requests issued across Japan following the emergence of the coronavirus, an industry body said Monday.
Japan Times
BUSINESS
Jun 9, 2020
Robust sales in China keep Uniqlo owner Fast Retailing on top amid pandemic
With much of Asia having subdued the spread of COVID-19, Fast Retailing is seeing trade return to its Uniqlo stores.
Japan Times
BUSINESS / Economy
Jun 1, 2020
Virus takes toll as major Japanese department stores' sales plummet in May
Major Japanese department store operators said Monday their sales in May dived over 60 percent from year-earlier levels as many of their outlets shut or reduced business hours under a nationwide state of emergency over the novel coronavirus.
Japan Times
BUSINESS / Economy
Jun 1, 2020
Japan's corporate profits log biggest fall since 2009 as pandemic takes toll
In the nonmanufacturing sector, the service sector such as accommodation led the decline as people refrained from nonessential outings amid the virus spread.
Japan Times
BUSINESS / Companies
May 28, 2020
Toyota's global output drops 50% in April on year due to virus outbreak
Toyota Motor Corp. said Thursday its global production plunged 50.8 percent in April from a year earlier, to 379,093 vehicles, as the novel coronavirus outbreak dented demand and suspended output around the world.
Japan Times
BUSINESS / Companies
May 20, 2020
Japan's April convenience store sales log record drop amid pandemic
The number of customers plunged for a second straight month to 1.13 billion, down 18.4 percent from a year earlier.
Japan Times
BUSINESS / Companies
May 19, 2020
Panasonic net profit down 21% amid coronavirus pandemic
The company suffered weak sales of home appliances and auto electronic parts in the 2019 business year.
Japan Times
BUSINESS / Companies
May 18, 2020
SoftBank Group posts record net loss of ¥961 billion for fiscal 2019
The figure is a sharp drop from the net profit of u00a51.41 trillion the conglomerate logged in fiscal 2018.
Japan Times
BUSINESS
May 14, 2020
Mazda's net profit dropped 80% in fiscal 2019 as pandemic hit
The automaker withheld its earnings forecast for the current business year, citing uncertainties caused by the crisis.
Japan Times
BUSINESS / Companies
Apr 30, 2020
SoftBank sees ¥900 billion net loss on WeWork write-down
The group is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer.
Japan Times
BUSINESS / Companies
Apr 28, 2020
ANA reports biggest quarterly group net loss in January-March period
The company said its group net profit in the business year ended March plunged 75.0 percent from a year earlier to u00a527.66 billion.
BUSINESS / Companies
Apr 23, 2020
Canon's first quarter net profit drops 30%; 2020 outlook withdrawn
Canon Inc. said Thursday its net profit dropped 30.0 percent in the first quarter through March as it withdrew its full-year earnings outlook due to economic uncertainty caused by the coronavirus pandemic.
BUSINESS / Companies
Apr 17, 2020
More than 200 listed companies in Japan have cut forecasts
The COVID-19 pandemic has forced 217 listed Japanese companies to warn of lower profits and sales in the coming year, an increase of 35% from less than a week ago, researcher Teikoku Databank has said.
Japan Times
BUSINESS / Companies
Apr 14, 2020
SoftBank foresees $12.5 billion loss as startup bets backfire
The company expects to record a u00a51.8 trillion ($16.7 billion) loss from its Vision Fund and another u00a5800 billion in losses from SoftBank's own investments.
Japan Times
BUSINESS
Mar 24, 2020
Japan supermarket sales rise amid virus scare in February
Supermarket sales in Japan in February grew at their fastest pace in over four years as consumers bought more food to eat at home amid the new coronavirus scare, industry data showed Tuesday.
Japan Times
BUSINESS
Feb 28, 2020
Japanese automakers' output in China tumbles in January
Automobile production by major Japanese makers in China plunged in January from a year earlier, data from the companies showed Thursday.
BUSINESS / Economy
Feb 28, 2020
U.S. firms set for zero profit growth this year as virus spreads, says Goldman Sachs
U.S. companies will see profits stagnate in 2020 thanks to the spread of the coronavirus in China and beyond, Goldman Sachs said on Thursday, slashing its expectations for average corporate earnings this year.
Japan Times
BUSINESS
Feb 14, 2020
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and economic uncertainties.
Japan Times
BUSINESS / Companies
Feb 14, 2020
Chips are down as Toshiba logs ¥145.63 billion loss for April-December
Toshiba Corp. said Friday it posted a group net loss of ¥145.63 billion ($1.32 billion) in the April-December period due to the sluggish performance of its affiliated semiconductor business.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

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Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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JNTO promotes sustainable tourism initiatives
JNTO promotes sustainable tourism initiatives

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